Asteya provides a fully digital income insurance platform that lets workers obtain affordable, customizable disability coverage without medical exams, income verification, or lengthy applications. Users can apply online, receive instant policy approval, and get benefits paid directly to their bank account if they are unable to work due to illness or injury.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NVFounders
Product
Problem
Many workers lack a financial safety net if they become unable to work due to illness or injury, and traditional disability insurance often requires lengthy applications, medical exams, and high premiums, leaving a large portion of the workforce exposed to income loss.
Solution
Asteya offers an online income insurance platform that provides quick, affordable coverage to replace a portion of a policyholder’s earnings when they cannot work. Users can apply from any device without proof of income, medical exams, or phone interviews, and receive an instant policy delivered electronically. The service offers customizable plans, including monthly benefit options up to $20,000 and lump‑sum payouts up to $500,000 for permanent disability. Claims are processed through a third‑party handler, with benefits paid directly to the insured’s bank account once approved. By eliminating traditional friction points, Asteya makes income protection accessible to a broad range of earners.
Target Audience
Asteya targets employed individuals and self‑employed professionals who rely on earned wages, ranging from entry‑level workers to executives, who need low‑cost, hassle‑free income protection.
Features
- Fully digital application and policy issuance with instant approval
- No medical exams, income verification, or phone interviews required
- Customizable coverage levels (monthly benefits up to $20k or one‑time $500k lump sum)
- Affordable pricing starting at $6 per month
- Direct bank payouts and unrestricted use of benefit funds
- Gender‑neutral, inclusive plans designed for any occupation or income level
- Secure, encrypted data handling and cloud‑based policy storage